Oatly Reports 5% Rise in Revenue, Expects First Full Year of Profitable Growth in 2025

Oatly has reported a 5% increase in revenue for the fourth quarter ending December 31, 2024, with a gross margin of 28.8%. The net loss attributable to shareholders of the parent decreased from the previous year, and adjusted EBITDA loss also improved. The company has decided to discontinue the construction of a manufacturing facility in China as part of its asset-light strategy, in addition to closing its Singapore facility.

Despite the change in sourcing decisions at a North American customer negatively impacting revenue growth, Oatly expects to achieve profitable growth in 2025 with constant currency revenue growth between 2% to 4%. Positive adjusted EBITDA is also anticipated in the range of $5 million to $15 million, with capital expenditures between $30 million and $35 million. The company's stock reportedly rose by over 6% following the release of these results, showcasing investor confidence in Oatly's financial outlook. CEO Jean-Christophe Flatin highlighted the company's significant transformation in recent years, leading to improved margins, profitability, and strategies for future growth.